May 2016

Former Brazilian coach Luiz Felipe Scolari was investigated by Portuguese authorities for tax fraud, but the case was reportedly dropped after a €3 million settlement. Ministers approved the sale of Taranaki’s Onetai station to a Panamanian firm whose treasurer was also a director of a company that Portugal believed laundered money for former Brazilian and Portuguese national soccer coach […]

Finance Minister Ravi Karunanayake says they will look into ‘each and every Sri Lankan’ whose names may come up when the Panama Papers are released PANAMA PAPERS. Sri Lankan Finance Minister Ravi Karunanayake speaks during a press conference at the IMF headquarters on April 14, 2016. File photo by Mandel Ngan/AFP COLOMBO, Sri Lanka – […]

Panama Papers’ disclosures now and earlier dealings of Vodafone through Cayman Islands are stories of famous tax havens, which evoke discussions of how tax evasion takes place. These are all direct taxes, mainly corporate tax, and not indirect tax. These are cases of tax planning that come to the fore whenever such disclosures take place. […]

The Washington-based International Consortium of Investigative Journalists -(ICIJ) is scheduled to publish on May 9 the largest-ever release of information about secret offshore companies and the people behind them, based on data… read more at: http://www.sundaytimes.lk/160501/business-times/panama-papers-data-to-be-released-on-may-9-191362.html

By Christopher Razo, Jessica Cruz, and Melanie Landa* The Panama Papers, the historic massive leak of documents exposing potential tax evasion and misuse of financial accounts, struck the entire globe this past April 4. The world turned its attention on the Panamanian law firm involved, Mossack Fonseca. In a blink of an eye, Panama was […]